Sundial Growers Inc. (SNDL)
INVESTOR ALERT - Sundial Growers Inc. (SNDL) - Bronstein, Gewirtz & Grossman, LLC Notifies of Class Action and Lead Deadline: November 25, 2019
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Sundial Growers Inc. (“Sundial” or the “Company”) (NASDAQ: SNDL) and certain of its officers, on behalf of shareholders who purchased Sundial securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Sundial’s August 1, 2019 initial public stock offering (the “IPO” or the “Offering”).
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Federal Securities Laws of 1933.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Sundial failed to supply saleable cannabis in line with contractual obligations to Zenabis Global Inc.; (2) due to material quality issues, Zenabis had to return or reject a total of 554 kg of cannabis to Sundial, valued at approximately U.S. $1.9 million (C$2.5 million); and (3) as a result, defendants’ statements about Sundial’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
You can review a copy of the Complaint and sign the certification form or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Sundial you have until November 25, 2019 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.